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Delhi, New Delhi, India, 2011/12/01 - The report provides an analysis of the global car sharing industry, with focus on various geographic regions. The market drivers, trends and challenges for the car sharing industry have also been analyzed - KonceptAnalytics.com.

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The concept of car sharing market was brought forward as a solution to changing complexities of growing economies and population wherein movement and travel was increasing but there was need to economize on expenses. During the last 60 years since it was first introduced in 1940s, the car sharing market has steadily grown in volume as people find car sharing an effective method to contain rising prices of fuel and vehicles. The market is projected to continue to expand, both in terms of number of members and vehicles in the years to come.

The leading car sharing regions in the world include Europe, North America, and Australia, among others. Though Europe remains the hub of car sharing activity, the other regions of the world have also experienced considerable growth. Car sharing as an alternative and more effective transit option has experienced noticeable growth in the US in past recent years thus accounting for majority revenue generation in the market.

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